We have been seeing a lot of videos and articles about how easy it is to become and make money as a handyman.  We thought we would put out a few thought provoking ideas for you to investigate if you are contemplating changing
careers and becoming a handyman.
 SHOW NOTES:
Starting a handyman business can be a rewarding venture, but there are several important lessons and pieces of advice that many entrepreneurs in this field wish they had known when they first started. We broke this into three categories.
Before Starting
             
Marketing Budget: Allocate
a portion of your earnings to marketing and advertising. Consistently promoting
your services can help maintain a steady flow of clients 
a.           
Networking: Build a network of other
professionals in related fields, such as plumbers, electricians, and
contractors. Collaborating with them can lead to referrals and partnerships.
b.           
Pricing Strategies: Develop
a clear pricing strategy. Consider factors like your expenses, competition, and
the local market when setting your rates. Underpricing can be as detrimental as
overpricing.
c.            
Customer Feedback:
Encourage feedback from your customers and use it to improve your services.
Positive reviews can be powerful marketing tools, and constructive criticism
can help you grow.
d.           
Customer Service:
Excellent customer service is key to building a successful handyman business.
Communicate effectively, be punctual, and exceed customer expectations to build
a solid reputation.
Your up and running
4.           
Documentation: Keep
detailed records of your projects, expenses, and income. This will simplify tax
preparation and help you track the financial health of your business.
5.           
Tools and Equipment: Invest
in high-quality tools and equipment. While they may be expensive upfront, they
will save you time and money in the long run. Consider leasing or renting
specialized tools for occasional use.
6.           
Time Management:
Efficient time management is crucial. Plan your schedule, prioritize tasks, and
avoid overcommitting. Balancing work and personal life is essential for
long-term sustainability.
7.           
Continuing Education: Stay
up-to-date with industry trends and techniques. Consider attending workshops,
courses, or trade shows to enhance your skills and knowledge.
Business
Expansion and Growth
8.           
Business Growth:
Be prepared for business growth. As your reputation spreads, you may need to hire additional staff, expand your services.
9.           
Fiscal responsibility: Savings and Emergency
Fund: Set aside money for emergencies and savings. The handyman business can have its ups and downs, so having financial reserves can provide peace of mind.
10.        
Changing legal entity: Contact
your business professionals (accountant, lawyer) and see if there is advantage to changing business entities (from sole proprietor to LLC or Corporation)
Starting a handyman business requires careful planning and
ongoing effort. Learning from the experiences and insights of others who have walked the same path can help you navigate the challenges and build a
successful enterprise.
Subscribe
to our free newsletter, https://handymanprosradioshow.com/newsletter-signup/
Join our facebook group @handyman pros

Send us an email, questions@handymanprosradioshow.com.





---

Send in a voice message: https://podcasters.spotify.com/pod/show/handymanpros/message